Sales more than doubled on the year, to RON35.5 million, from RON16.5 million.

Revenue rose 49% to RON27.1 million, while expenditure rose 84% to RON23.9 million.

The company has a share capital of RON47.1 million, divided into 18.8 million shares with a face value of RON2.5. It is 64.89% owned by the Economy ministry.

IAR Ghimbav shares closed Tuesday at RON1.9, down 3.36% on the day. (EUR1=RON4.1065)